Typical, backward-looking brokerage house advice, can actually cost you money.

In the opposite of 'value added' advice, brokerage firm Raymond James took Boardwalk Pipeline Partners (BWP) off the SELL list and went to NEUTRAL today.

BWP bottomed in March at $11.99 and closed Monday at $16.16. It took a 34.8% move up from the 6-week ago nadir to elicit the change.

How high will BWP have to go before Raymond James decides it's okay to buy?
BWP was indicated at $17.11 or + 92-cents a share in early premarket trading. 

Raymond James was not alone in giving bad advice regarding this MLP.

Zacks saw fit to make Boardwalk Pipeline Partners its "Bear of the Day' on April 11, 2014 with the shares already rebounding, at $13.92.

Those who sold because of that widely distributed alert missed a 15.7% move over the next 17 days, not counting this morning's indicated premarket jump.  Anyone who shorted on their advice is probably getting ready to jump off bridges or building roofs.

Unusual option action had tipped savvy traders to what the 'smart money' was thinking about BWP while the public was being told to unload or avoid it. See my earlier article on this topic by clicking here...

Beware of Rear View Mirror Analysis

Market Shadows provides useful and unbiased information that has proven to be profitable. Check out all our equity and option results by clicking here

Market Shadows Virtual Portfolios .